500 Riverside Drive E #255, Austin, TX 78704

Situated just steps from Lady Bird Lake and just minutes from all that Downtown Austin and SOCO offer, this well-appointed 2 bedroom, 1 bath condo offers unbeatable access to Austin’s beloved Ann and Roy Butler hike-and-bike trails that include 10 miles of trails perfect for biking, running, walking, and playing as well as water access to the lake via private boat dock, perfect for SUP and other water activities! This property is a short walk to vibrant cultural hotspots such as shopping and dining on South Congress, the infamous Zilker Park which hosts events such as ACL, the trail of lights, the kite festival, and more! This property is also steps away from a planned future light rail which will connect various of the city including north, south, and east Austin.—making it both a tranquil retreat and commuter's dream! Enjoy gated community living for extra security along with top-tier amenities: two sparkling pools (one with lake views), lakeside picnic areas, an on-site dog park, and seamless Google Fiber connectivity. Commuters will love the convenience of bus routes 486 and 483 at your doorstep. Lovingly maintained, the unit features wood floors throughout, an updated kitchen including countertops, cabinets, and stainless appliances, a private balcony off both bedrooms, perfect for peaceful morning coffee overlooking a quiet, tree-shaded courtyard. You'll find custom Elfa shelving in the spacious walk-in closet in the primary bedroom, two assigned parking spaces (one covered), and peace of mind with a new AC compressor and electrical upgrade completed less than a year ago. This property has delivered consistent rental income for nearly two decades, attracting professionals and grad students alike. Rental history is available upon request. Whether you're looking to live in the heart of it all or make a strategic investment, this East Riverside gem checks every box.